Meticulous Research®—a leading market research company, published a research report titled, 'Sterilization Equipment Market by Offering (Equipment [Heat {Moist (Gravity, High-speed), Dry (Static Air, Forced Air)}, Low-temperature {Gas Plasma, Ozone, Formaldehyde}, Radiation, Filtration], Services [Gamma, Steam]), End User - Global Forecast to 2031’
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According to the latest report by Meticulous Research®, the global sterilization equipment market is projected to achieve a valuation of $30.71 billion by 2031, with a robust compound annual growth rate (CAGR) of 8.3% from 2024 to 2031. This market expansion is primarily driven by the increasing incidence of hospital-acquired infections, the rising volume of surgical procedures, and the escalating demand for sterilization processes within the food industry to mitigate food-borne diseases. Additional growth opportunities include the growing adoption of e-beam sterilization, increased demand for sterilization products in emerging markets, and the rising popularity of supercritical CO2 sterilization technology within the medical device sector.
Market Dynamics and Challenges
Despite the promising growth trajectory, the market faces challenges such as non-compliance with sterilization standards in the healthcare sector and concerns over the harmful effects of ethylene oxide and the safety of reprocessed instruments, which may hinder market expansion.
Key Players:
The key players profiled in the sterilization equipment market report are STERIS plc. (U.S.), Getinge AB (Sweden), 3M Company (U.S.), Advanced Sterilization Products (U.S.), MMM Group (Germany), MATACHANA group (Spain), Cardinal Health, Inc. (U.S.), Sotera Health (U.S.), Belimed AG (Switzerland), Benchmark Scientific, Inc. (U.S.), Andersen Sterilizers, Inc. (U.S.), and Steelco S.P.A. (A Part of Miele & Cie. Kg) (Italy).
Market Segmentation
Equipment:
Heat/Steam Sterilization Equipment Moist Heat Sterilizers (Gravity Displacement Sterilizers, High-speed Pre-vacuum Sterilizers) Dry Heat Sterilizers (Static Air Sterilizers, Forced Air Sterilizers) Low-Temperature Sterilization Equipment Hydrogen Peroxide/Gas Plasma Sterilizers Ethylene Oxide Sterilizers Ozone-Based Sterilizers Formaldehyde Sterilizers Other Low-Temperature Sterilization Radiation Sterilization Equipment Filtration Sterilization Equipment
Services:
Ethylene Oxide Sterilization Services
Gamma Sterilization Services E-Beam Sterilization Services Steam Sterilization Other Sterilization Services
Consumables & Accessories:
Sterilization Indicators (Biological Indicators, Chemical Indicators) Sterilant Instrument Packaging & Pouches Other Consumables & Accessories
End User
Hospitals & Clinics Medical Device Companies Food & Beverage Industry Other End Users
Geographic Analysis
The report provides a detailed analysis across major regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Segment Insights
In 2024, the equipment segment is anticipated to hold the largest market share. This is attributed to the effectiveness of these devices in sterilizing reusable medical instruments and other materials essential for maintaining microbial-safe environments. Additional factors include the increasing incidence of hospital-acquired infections, a rising number of surgical procedures, the growing prevalence of chronic diseases among the aging population, and the expanding life sciences industry for bioproduction, drug discovery, and research.
Hospitals & Clinics Segment:
Among end users, the hospitals & clinics segment is expected to dominate the market in 2024, driven by the growing number of hospital admissions, increasing prevalence of hospital-acquired infections, efforts to reduce the healthcare burden of HAIs, and the rising demand for clean and quality healthcare facilities.
North America:
Geographically, North America is projected to hold the largest market share in 2024. This is due to factors such as increasing healthcare expenditure, growth in the pharmaceutical and biotech industries, an aging population with chronic diseases, and government initiatives to reduce HAIs and implement effective sterilization practices.
Conclusion
The sterilization equipment market is poised for significant growth, driven by advancements in technology and increasing applications across various industries. Despite regulatory and compliance challenges, the market offers abundant opportunities for stakeholders and investors. As the industry continues to evolve, the adoption of innovative sterilization solutions will play a crucial role in enhancing patient safety and operational efficiency across healthcare and related sectors.
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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